Cisco Systems and TNT Are Two Companies That Have Saved

question 113

True/False

Cisco Systems and TNT are two companies that have saved more than a half a million dollars each in travel expenses by switching to videoconferencing.

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Definitions:

Operating Contribution

The portion of revenue that remains after variable expenses are subtracted, indicating how much contributes to covering fixed costs and generating profit.

Restricted Contribution

Funds given to an organization with specific conditions attached regarding their use.

Donation Revenue

Income received from giving without the expectation of receiving something in return, typically for non-profit organizations.

Restricted Fund Method

An accounting strategy used for tracking and reporting separately on resources that are restricted by donors for specific purposes.